Nextdoor Is Going Public Via SPAC: What You Need to Know

Popular local social network Nextdoor is going public, announcing a deal to merge with special purpose acquisition company (SPAC) Khosla Ventures Acquisition II (NASDAQ:KVSB). The news comes following reports in late 2020 that Nextdoor was preparing to go public targeting a valuation of $4 billion to $5 billion. The unicorn start-up has achieved that goal, with the SPAC deal giving Nextdoor a post-money equity value of $4.3 billion.